PacWest Bancorp (PACW) At $52.60 Forms Bottom; Thrivent Financial For Lutherans Lowered Its American States Water Co (AWR) Stake

PacWest Bancorp (PACW) formed multiple bottom with $47.87 target or 9.00% below today’s $52.60 share price. PacWest Bancorp (PACW) has $6.71B valuation. The stock decreased 0.28% or $0.15 during the last trading session, reaching $52.6. About 775,278 shares traded. PacWest Bancorp (NASDAQ:PACW) has risen 18.91% since January 31, 2017 and is uptrending. It has outperformed by 2.21% the S&P500.

Thrivent Financial For Lutherans decreased American States Water Co (AWR) stake by 32.38% reported in 2017Q3 SEC filing. Thrivent Financial For Lutherans sold 43,998 shares as American States Water Co (AWR)’s stock rose 0.43%. The Thrivent Financial For Lutherans holds 91,862 shares with $4.52 million value, down from 135,860 last quarter. American States Water Co now has $2.04 billion valuation. The stock increased 0.11% or $0.06 during the last trading session, reaching $55.64. About 375,567 shares traded or 62.86% up from the average. American States Water Company (NYSE:AWR) has risen 17.06% since January 31, 2017 and is uptrending. It has outperformed by 0.36% the S&P500.

Among 14 analysts covering Pacwest Bancorp (NASDAQ:PACW), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Pacwest Bancorp had 42 analyst reports since October 13, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, January 22 by FBR Capital. The stock of PacWest Bancorp (NASDAQ:PACW) has “Outperform” rating given on Thursday, March 24 by Wood. The stock of PacWest Bancorp (NASDAQ:PACW) earned “Buy” rating by Stephens on Friday, July 14. The rating was maintained by FBR Capital with “Buy” on Wednesday, July 19. The stock of PacWest Bancorp (NASDAQ:PACW) has “Hold” rating given on Tuesday, July 18 by BMO Capital Markets. Raymond James downgraded the stock to “Market Perform” rating in Wednesday, November 1 report. BMO Capital Markets maintained PacWest Bancorp (NASDAQ:PACW) on Friday, July 7 with “Hold” rating. SunTrust maintained PacWest Bancorp (NASDAQ:PACW) rating on Tuesday, November 28. SunTrust has “Hold” rating and $50.0 target. The rating was maintained by Raymond James with “Hold” on Thursday, November 30. Stephens maintained PacWest Bancorp (NASDAQ:PACW) on Friday, January 19 with “Buy” rating.

Analysts await American States Water Company (NYSE:AWR) to report earnings on February, 22. They expect $0.35 earnings per share, up 16.67% or $0.05 from last year’s $0.3 per share. AWR’s profit will be $12.84 million for 39.74 P/E if the $0.35 EPS becomes a reality. After $0.57 actual earnings per share reported by American States Water Company for the previous quarter, Wall Street now forecasts -38.60% negative EPS growth.